Business News of Thursday, 21 March 2019Source: Myjoyonline.comParliament passes Payment Systems and Settlement billParliament of GhanaParliament on Thursday passed the Payment Systems and Settlement bill into law. The bill is expected to significantly trigger the growth of electronic payments in Ghana. The purpose of this law is to amend and consolidate laws and guidelines relating to payment systems, electronic money operations and to regulate institutions which issue electronic money and provide payment services. The country has had the Payment Systems Act, 2003 (Act 662) and the Branchless Banking Guidelines (2008). He said the law will open up the electronic payment space for players to provide greater services to customers.

Source: GhanaWeb March 21, 2019 18:22 UTC